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San Francisco's historic Anchor Brewing shuts down, citing 'sluggish' business

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The beer institution was losing around $10 million per year since COVID-19 'significantly affected' its business, according to parent company Sapporo Holdings Ltd.

San Francisco’s historic Anchor Brewing Co. will shut down and is no longer making beer, the company announced, signaling the end of a 127-year run for the California institution that weathered wars, Prohibition and the great earthquake of 1906.

“This was an extremely difficult decision that we reached only after many months of careful evaluation,” said Sam Singer, a spokesperson for Anchor Brewing. “We recognize the importance and historic significance of Anchor to San Francisco and to the craft brewing industry, but the impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left us with no option but to make this sad decision to cease operations.

The brewery was founded in 1896, when Ernst Baruth and Otto Schinkel Jr. bought a beer-and-billiards hall on Pacific Street in San Francisco and dubbed it Anchor. The original location burned down in the blazes that followed the 1906 earthquake.

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